NEEDHAM, Mass., December 5, 2023 – World shipments of commercial printers declined 2.4% 12 months over 12 months within the third quarter of 2023 (3Q23), based on new knowledge from the Worldwide Knowledge Company (IDC) Worldwide Quarterly Industrial Printer Tracker. Nevertheless, the market contraction seems to be slowing as 3Q23 shipments have been down 1.2% in comparison with the earlier quarter (2Q23).
“The third quarter noticed an actual mixture of exercise,” mentioned Tim Greene, analysis director, Hardcopy Options at IDC. “We had softness within the direct-to-garment market, which offset development within the direct-to-shape, industrial textile, and label & packaging markets. Geographically, a slowdown in Western Europe and Latin America offset robust numbers in North America and the Asia/Pacific (excluding Japan and China) area this quarter.”
Worldwide Industrial Phase Highlights for Q3 2023
- Massive format digital printer shipments declined 1.1% on a worldwide foundation in comparison with Q2 2023.
- Direct-to-garment (DTG) printer shipments fell by virtually 20% in comparison with the earlier quarter.
- Direct-to-shape printer shipments grew 4.5% in comparison with Q2 2023.
- Shipments within the industrial textile phase grew 17% sequentially within the quarter.
- Industrial digital label & packaging printer shipments grew by 2% in comparison with Q2 2023.
Regional Evaluation for Q3 2023
- North America noticed complete cargo development of 4% in Q3 2023.
- Central & Japanese Europe had the best regional development charge with shipments up by 14% in Q3 2023.
- Shipments in China declined barely (2.9%) after a really robust Q2 2023.
- Western Europe noticed cargo decline of 11.3% in 3Q23 in comparison with 2Q23.
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Worldwide Industrial Printer Shipments and Cargo Worth Share and Sequential Development, Q3 2023 |
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Product Class |
3Q23 Share of Shipments |
3Q23/2Q23 Cargo Development |
3Q23 Share of Cargo Worth |
3Q23/2Q23 Cargo Worth Development |
|
Direct to Garment |
1.3% |
-19.8% |
3.1% |
-15.6% |
|
Direct to Form |
1.4% |
+4.5% |
3.0% |
+4.5% |
|
Industrial Textile |
0.7% |
+17.1% |
7.3% |
+34.3% |
|
Label & Packaging |
0.3% |
+2.1% |
14.8% |
+4.4% |
|
Massive Format |
96.4% |
-1.1 |
71.7% |
-0.5% |
|
Complete |
100% |
-1.2% |
100% |
+1.7% |
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Supply: IDC Worldwide Quarterly Industrial Printer Tracker, December 2023 |
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IDC’s Worldwide Quarterly Industrial Printer Tracker offers complete market dimension and vendor share for 5 main market classes: massive format, label and packaging, direct to garment, industrial textile, and direct to form. Along with models, cargo worth, and ASP, the Tracker additionally offers market outcomes for every product class by ink kind, media dimension, {hardware} class, or major utility throughout 9 geographic areas and 90 international locations.
About IDC Trackers
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About IDC
Worldwide Knowledge Company (IDC) is the premier international supplier of market intelligence, advisory providers, and occasions for the data know-how, telecommunications, and shopper know-how markets. With greater than 1,300 analysts worldwide, IDC provides international, regional, and native experience on know-how, IT benchmarking and sourcing, and trade alternatives and tendencies in over 110 international locations. IDC’s evaluation and perception helps IT professionals, enterprise executives, and the funding neighborhood to make fact-based know-how choices and to attain their key enterprise goals. Based in 1964, IDC is a completely owned subsidiary of Worldwide Knowledge Group (IDG), the world’s main tech media, knowledge, and advertising and marketing providers firm. To be taught extra about IDC, please go to www.idc.com. Observe IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Weblog for trade information and insights.
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